DOGE volume is drying up, but whale accumulation hints at a bigger move

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DOGE continues to trade within a tight range as declining derivatives volume signals cautious retail sentiment, while whale accumulation points to growing long-term confidence. Although the meme cryptocurrency has stabilized following its recent rebound, buyers have so far struggled to overcome resistance near the $0.077 level. Despite the subdued price action, on-chain data suggests that large investors continue accumulating DOGE, even as retail participation remains relatively weak. Retail traders take a wait-and-see approach Activity in Dogecoin’s derivatives market indicates that many traders are remaining on the sidelines. According to CoinGlass data, DOGE futures Open Interest (OI) has remained largely unchanged at around $1 billion, signaling that investors have neither aggressively increased nor reduced their positions.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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